01-01-1970 12:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 82.25-82.61 - Kedia Advisory
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USDINR

USDINR trading range for the day is 82.25-82.61.

USDINR remained in range as investors were cautious ahead of U.S. inflation data that is likely to come in hot and prompt the Federal Reserve to deliver a large rate hike.

The annual inflation rate in the US slowed to 8.2% in September, the lowest in seven months, compared to 8.3% in August

The yield on the 10-year Indian government bond was above the 7.4% mark, approaching the over three-month high of 7.5%

 

EURINR

EURINR trading range for the day is 79.74-80.7.

Euro gains as Euro zone industry output rose in August much faster than expected

ECB President Christine Lagarde said a debate about mopping up excess cash – quantitative tightening (QT) – got underway.

Remarks from European Central Bank officials supported expectations for a further rise in euro zone bond yields.

 

GBPINR

GBPINR trading range for the day is 90.86-92.86.

GBP remained supported as investors await developments on the central bank's quantitative easing program and the mini-budget.

BoE's Pill still sees need for 'significant' rates action in November

UK economy on brink of recession as it shrinks in August

 

JPYINR

JPYINR trading range for the day is 55.94-56.5.

JPY depreciated toward 147 per dollar, 1998 low on dovish BOJ

Japan finmin says govt ready to take action vs speculative yen moves

Japan wholesale prices rise the most in 5 months, put squeeze on corp profits

 

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